Executives Cash Out as Insiders Unload Millions

Filings this week show a wave of insider selling across several high-profile US companies. The biggest theme: executives at GM, Tenet Healthcare, and Broadcom all hit the sell button within days of each other.

GM CEO Mary Barra filed on July 29 that she sold 54,866 shares on July 27. The sale was worth $4.68 million at $85.32 per share. Two other GM insiders also filed sales on the same day. Chief Accounting Officer Christopher Hatto sold $620K worth of stock. Division President Rory Harvey sold $772K. That's three GM insiders selling in a single week.

At Tenet Healthcare, three insiders filed sales on July 28. CIO Paola Arbour sold $2.65 million worth of shares. Director James Bierman sold $1.22 million. The stock is trading near $244.

Broadcom CLO Mark Brazeal filed two separate sales in early July totalling nearly $19.5 million. Three Broadcom insiders sold in the past 30 days combined.

The largest single filing came from Intuitive Machines. Private equity firm Advent International disclosed a $147.6 million block sale on July 29, offloading over 11.4 million shares at $12.84.

Meanwhile, Victoria's Secret saw its 10% owner BBRC International file multiple sell transactions totalling over $97 million in the past 30 days.

This is not financial advice.